Form 4: Farmer Mac Director Eric McKissack Boosts Stake Through Equity Compensation Election

Farmer Mac Director Eric T. McKissack acquired 9 shares of Class C Non-Voting Common Stock on June 30, 2025, as part of his election to receive equity in lieu of a cash retainer.

Summary

• Director Eric T. McKissack acquired 9 shares of Federal Agricultural Mortgage Corp (Farmer Mac) Class C Non-Voting Common Stock.
• The transaction occurred on June 30, 2025, at a price of $194.28 per share.
• This acquisition was a result of the director's existing election to purchase newly issued shares at market value instead of receiving a cash quarterly retainer.
• Following this transaction, Eric T. McKissack beneficially owns 2,366 shares of Class C Non-Voting Common Stock.
• The total beneficial ownership includes 376 time-vested restricted stock units (RSUs) that are set to vest on March 31, 2026, contingent on his continued directorship.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director through an equity-for-cash election is generally viewed positively as it aligns management's interests with shareholders, indicating confidence in the company's future.

Positives

• Director Eric T. McKissack increased his beneficial ownership in Farmer Mac by acquiring additional shares of Class C Non-Voting Common Stock.
• The acquisition demonstrates a director's commitment and alignment with shareholder interests by choosing equity over cash for compensation.

Future Outlook

The document indicates that 376 time-vested restricted stock units held by Director Eric T. McKissack are scheduled to vest on March 31, 2026, provided he remains a director of Farmer Mac.

Industry Context

NA

Related Party Transactions

• Director Eric T. McKissack elected to receive newly issued shares of Class C Non-Voting Common Stock in lieu of a cash quarterly retainer, which is a standard form of related party compensation.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value due to equity compensation.

Next Steps

• Vesting of 376 time-vested restricted stock units on March 31, 2026, contingent on continued directorship.

Key Dates

Keywords

Farmer Mac, AGM, Eric T. McKissack, Director, Stock Acquisition, SEC Form 4, Insider Transaction, Equity Compensation, Class C Non-Voting Common Stock, Restricted Stock Units